Online fashion group, Yoox Net-A-Porter (YNAP) has announced that its sales topped €2.1 billion (£1.86 bn) in the financial year 2017, up by nearly 17 per cent from €1.9bn in 2016.
The growth was driven by a “strong” last quarter in 2017 where sales increased by 13.2 per cent to €575.1 million (£510.2 million).
Federico Marchetti, the Chief Executive of YNAP says “We’ve had a very good year. Performance in the fourth quarter was strong across the business. Net-A-Porter, Mr. Porter and Yoox did particularly well.… I would like to thank the entire YNAP team for its hard work during the year.”
For a concise round-up of the latest happenings in the market, visit Retail Gazette.
